Vermont Senator Bernie Sanders, a candidate for the 2016 Democrat Party nomination, spoke out again regarding the lack of morality in the US economy. The senator believes that it is nothing short of greed that has resulted in 90 cents of every dollar being generated going to the top 1% of income earners. As per Sen. Sanders, the result has been devastating upon working families. Decades of stagnant wages have caused the American middle class to diminish. As per the senator, the solution lies in punishing tax rates with top marginal rates returning to upwards of 90% same as was held in the 1950s.
Still, the senator fails to address the record low labor force participation rate that has been persistent during the Obama administration. This has tens of millions of people unable to find employment according to Amen Clinic. Nor does he explain how high marginal tax rates would result in increasing wages for American workers. Tax rates affect government tax revenue, but do not address wages and salaries.
Regardless, Senator Sanders explained that he is consistently drawing crowds of 400 to 600 at events from California to Texas. The senator seems resigned to the fact that he will unseat Hillary Clinton for the party nomination. Instead, he is hoping his candidacy will cause her to shift hard left on her policies in order to unify the party’s liberal base. Given the fact that Mrs. Clinton is accepting millions in donations from Wall Street investment banks, it is unlikely she will shift hard left in her political views.